In 2025, the contribution limit for individual retirement accounts (IRAs) is $7,000 for taxpayers under 50 years old. For taxpayers 50 and older, the catch-up contribution limit is $1,000.
Contribution limits
Taxpayers under 50: $7,000
Taxpayers 50 and older: $8,000 ($1,000 catch-up contribution)
Income limits
Married couples filing jointly: Must make less than $236,000 to contribute the full $7,000
If you have questions call 320 679 5183 or go to yoursafemoneyshow.com
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